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Jan 15, 2013
01/13
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we're going to raise 60 billion from the tax hikes so the president is saying we've got to raise taxes on the rich to better roads and build schools, half the money is gone to just bailing out two federal government agencies. isn't that the sad iron? >> it's worse than you think. >> thanks. >> because the post office has accounting tricks going on. they have been selling these forever stamps. a lot of people have been buying them because you can use them at any time no, matter how much it costs to mail a left so the post office is collecting all this money from mail it hasn't even delivered yet. eventually when -- when they are allowed to raise the price of a stamp, people are going to use the forever stamps and the post office will have to deliver all this mail, but they won't get paid anything because they already spent the money. >> it's a very sad state of affairs. jim, peter, always good to have you on the show. the one thing you might want to start stockpiling. that's coming up. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook
we're going to raise 60 billion from the tax hikes so the president is saying we've got to raise taxes on the rich to better roads and build schools, half the money is gone to just bailing out two federal government agencies. isn't that the sad iron? >> it's worse than you think. >> thanks. >> because the post office has accounting tricks going on. they have been selling these forever stamps. a lot of people have been buying them because you can use them at any time no, matter...
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Jan 16, 2013
01/13
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i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to be a lot of focus on gun control. there has been since the shooting, and there will be when the president unveils his package today. i would caution people to look at the
i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody...
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Jan 23, 2013
01/13
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FBC
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to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what are we to make of that? >> something to take into consideration. as we're about to head into basically four months of long fiscal debate here on capitol hill when it comes to the budget, when it comes to the sequester and continuing resolution. the president has made it clear that he want as balanced approach, and that he wants taxes to be on the table. neil: it's not a balanced approach. it's not balanced. >> it's not balance the at all, but we need to take this into consideration that we raised taxes once, everyone is seeing less m
to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what...
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Jan 19, 2013
01/13
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CNN
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he has made the tax code more progressive. i don't think anybody quite knows what we can do to get those millions of middle class jobs with wage gains that we need. it's a really, really pressing question for this economy. >> when people are living paycheck to paycheck who weren't ten years ago, that still becomes a problem even if you have health care and some of these other things. john, we are in the throes of partisanship in washington. even the president is pointing fingers. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> what breaks that juggernaut? can it get worse than this or -- please tell me this has got to be the bottom. >> every time we've said that it can't possibly get any worse in washington, it magically somehow gets worse in washington. we are in a surreal situation where right now probably the biggest impediment to america's recovery is the u.s. congress. if we have another downgrade, which is
he has made the tax code more progressive. i don't think anybody quite knows what we can do to get those millions of middle class jobs with wage gains that we need. it's a really, really pressing question for this economy. >> when people are living paycheck to paycheck who weren't ten years ago, that still becomes a problem even if you have health care and some of these other things. john, we are in the throes of partisanship in washington. even the president is pointing fingers. >>...
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Jan 20, 2013
01/13
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FBC
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. address is on the steps on monday. i'm jamie colby. back to bulls and bears right now. >> brenda: so, first the price spikes and now the price hikes. chipotle warning of higher menu prices because of higher food costs. a
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of...
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Jan 16, 2013
01/13
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FBC
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tax dollars don't just come in on april 15th. they come in all the time. >> and the president will be forced to do what you and i and every other american have to do and that is prioritize expenses. if we would not default, prioritize that which must be paid first and then make tough oices as to what is necessary and proper for our government to be spending. that is what we should be doing every day and is, quite frankly, why this president has failed to lead because he just does not believe it. he believes there is no end, and at the end of his term will be somebody else's problem. gerri: it will. >> but here is one piece of advice. there are two big fights coming up, the continuing resolution, the rest of the fiscal year 2013 spending, and there is the debt limit. we have already seen, obama will demagogue. he will send bernanke out to rattle financial markets, bully republicans, and i will be a tough fight to win. on the other hand, if they pick a fight on spending on the continuing resolution, that is where, as we saw in '95-
tax dollars don't just come in on april 15th. they come in all the time. >> and the president will be forced to do what you and i and every other american have to do and that is prioritize expenses. if we would not default, prioritize that which must be paid first and then make tough oices as to what is necessary and proper for our government to be spending. that is what we should be doing every day and is, quite frankly, why this president has failed to lead because he just does not...
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Jan 15, 2013
01/13
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FBC
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and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was too polite to say. he said during the campaign committee has every right to put those examples on because when that happened many people took exception to it. it was more than a dog whistle comments were anyone knew what to deny that happened is to make his case for him. lou: so if you argue as to menu just proved the case for him, and therefore all the damfool would argue about an objective standard of truth to what the value or racists confirms. that's pretty complicated and we thank you for sharing with us. thank you so much. the key for being with us. good night from new york. ♪
and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was...
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Jan 17, 2013
01/13
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their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being hre. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when it gets even better. good night from new york. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau egalzoom helps you get personalized and affordable legal protection. in most states, a legal plan at
their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being hre. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when...
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Jan 22, 2013
01/13
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FBC
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it was all tax increases. $15 million in spending cuts. republicans have to get their acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the sense that they want to say enough of this pr stunt. let's take the falls off the table but let's get to the real essence of spending cuts. the president is going to keep coming back. but it's more revenue. but it's more tax increases. we knew th in the campaign. neil: there is this paraphrase between the rich and the poor that you alluded to. maybe he has not done this. >> i don't think he is done on more tax increases. neil: more deductions? >> deductions anperhaps more rate hikes. this was alluded to during the fiscal cliff talks by various democratic leade
it was all tax increases. $15 million in spending cuts. republicans have to get their acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the...
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Jan 18, 2013
01/13
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they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries. they won't het them become more moderates and i think this is a deep problem and i think if some said we want him to bring this to the floor. it would send a signal to the moderates. >> 26% is how many support keeping assault weapons available to everyone. it is an amazing cross checking of the polls. >> and again i think you see that 26% overlapping with the tea party 26%. i think the republicans are dealing with public opinion that is influx. you have had a shift in favor of stricter gun laws since the
they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries. they won't het them become more moderates and i think this is a deep problem and i think if some said we want him to bring this to the floor. it would send a signal to the moderates. >> 26% is how many support keeping...
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Jan 21, 2013
01/13
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in terms of tax rates. so fairness would be a part of -- >> that's established. now we're ready for the medicare reform, right? >> well, i guess we're ready to start talking about them joe. >> mark i love what you've written. obama's moment to call us to a greater collective commitment. i think this really resonates with something we've been yearning for on the show. you say this. to borrow a signature phrase let me be clear, this day is not about him, it's about us our nation, our future. where do we go from here? what is the right path forward? how do we come together? here's what i do want to hear. the word "we." a call to a greater collective commitment, a recognition of the sacrifices to come a signal of willingness nessness to do the unpopular to take on his political base a surprise or two, humility faith, gratitude, and keep it short. how great a legacy to leave to call together an anxious nation to calm the divide and ask brothers to lay down their arms to inspire them to a greater cause, to fight
in terms of tax rates. so fairness would be a part of -- >> that's established. now we're ready for the medicare reform, right? >> well, i guess we're ready to start talking about them joe. >> mark i love what you've written. obama's moment to call us to a greater collective commitment. i think this really resonates with something we've been yearning for on the show. you say this. to borrow a signature phrase let me be clear, this day is not about him, it's about us our...
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Jan 18, 2013
01/13
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they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries.
they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries.
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Jan 23, 2013
01/13
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and making the tax code simpler, making tax coat fairer. we're going to take care of the meat and potatoes issues over here. we're going to take care of making social security stronger. you guys pass your global warming plan over there. we're going to focus on getting americans back to work. go ahead, handle all the social issues -- >> what's interesting, what you're outlining, and i think it's probably a smart play for the republicans, is a reversal of the two chambers. usually it's the senate that's the cooling saucer for legislation. >> right. >> you're saying, let's let the house being the cooling saucer for democratic-sponsored legislation, focus on spending stuff in its own time. >> but the president, sam, laid those out as democratic priorities. >> yeah, sure. >> in his inauguration, he said, these are my top priorities. and that's great. the fantastic thing is for the president, he's got harry reid running the democratic senate, so let them run the president's priorities through there, and republicans that control the house can focu
and making the tax code simpler, making tax coat fairer. we're going to take care of the meat and potatoes issues over here. we're going to take care of making social security stronger. you guys pass your global warming plan over there. we're going to focus on getting americans back to work. go ahead, handle all the social issues -- >> what's interesting, what you're outlining, and i think it's probably a smart play for the republicans, is a reversal of the two chambers. usually it's the...
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Jan 23, 2013
01/13
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there is only two reasons for a federal list on gun owners, to either tax them or take them. it is the only reason. and anyone who says that is excessive, president obama says you're an absolutist. he doesn't understand you. he doesn't agree with the freedoms that all of you love, and americans all over this great land cherish in their hearts. if the only way he can force you to give them up is through scorn and ridicule, he will do it. even as he claims the moral highground, he said in the very same sentence that obama talked about absolutism versus principle, he also scolds the critics. he is more than willing to demonize his opponents, and slur the nra. in the words of senator charles schumer, as an extremist fringe group. and look how he demonizes the republicans in congress. when barack obama says we can't mistake absolutism for principle, what he is saying is that precision and clarity and exactness and sameness in law should be the same as nebulous undefined principles. i got news for the president. absolutists do exists, words do have meaning in language and law. it i
there is only two reasons for a federal list on gun owners, to either tax them or take them. it is the only reason. and anyone who says that is excessive, president obama says you're an absolutist. he doesn't understand you. he doesn't agree with the freedoms that all of you love, and americans all over this great land cherish in their hearts. if the only way he can force you to give them up is through scorn and ridicule, he will do it. even as he claims the moral highground, he said in the...
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Jan 18, 2013
01/13
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government means gross and a gradual increase while california shrinks. i hope the country watches and learns. that is our show. oee you next time. seven. the white house and state department confirming only the presence of some american citizens among the hostages, obviously relying principally on the algerian government for most of its information, although the united states has had drones over that plant for much of the time. so at this hour this is what we do know, that the algerian government h
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...
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Jan 23, 2013
01/13
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30%, to 13.3% in addition to the tax increases on the u.s., he faces a marginal tax rate now of 62%, he came out and said i'm going it it take drastic measures and he scaled it back and apologized, and he ought to move to florida, no personal income tax save an instant 13% of his income. here is the thing, greta, what the guys are doing at the very top shows that tens of thousands, millions of people are going to be doing also, for every dollar that our government has in taxes, we spend 35% trying to stop the government from collecting an extra dollar. adopt a flat tax and don't spend 350 billion an or more a year on accountants and lawyers. >> dennis, as always, thank you. now to the video that will keep you on the edge of your seat. surveillance cameras capturing this on the madrid, spain metro. a woman faints on the platform and falls on to the track. passengers panic knowing a train is go to roar into the station and a police officer crushes in, jumping on the tracks and grabs the woman on the off the track on the opposite side and dragged on to the platform and the train came in
30%, to 13.3% in addition to the tax increases on the u.s., he faces a marginal tax rate now of 62%, he came out and said i'm going it it take drastic measures and he scaled it back and apologized, and he ought to move to florida, no personal income tax save an instant 13% of his income. here is the thing, greta, what the guys are doing at the very top shows that tens of thousands, millions of people are going to be doing also, for every dollar that our government has in taxes, we spend 35%...
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Jan 15, 2013
01/13
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 19, 2013
01/13
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i hate the tax. a crime culture. as for the mass killings in public places, that is a mental on this problem. lou: it is young, mentally ill, white men. >> not always. lou: i did not say always. 98 percent of the time. >> not really. lou: escobar really. >> up till you what happens. it is not. lou: who was at all right? was cut down the list. >> let me explain why your list will be off. the ones that attract the attention tend to be the white males. six months ago, nev. shot of the wendy's or and i hop, shot up a bunch of naval officers or army. why does that make no news? lou: 60%. >> basically it looks like america. it looks like america with our immigration problem. the lawyer alan drill road. immigrant. the one on talking about after arizona and nevada. when not immediately going to go on welfare. lou: the last four mass shootings and the country, and i will even exceed -- >> i think it's the last two. this panic is more recent than arizona's . lou: four of the last five were young men who were mentally disturbed
i hate the tax. a crime culture. as for the mass killings in public places, that is a mental on this problem. lou: it is young, mentally ill, white men. >> not always. lou: i did not say always. 98 percent of the time. >> not really. lou: escobar really. >> up till you what happens. it is not. lou: who was at all right? was cut down the list. >> let me explain why your list will be off. the ones that attract the attention tend to be the white males. six months ago, nev....
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Jan 18, 2013
01/13
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in 1937 as we were coming out of depression, the government tightened fiscal policy, raised taxes and the fed raised rates and created a second downturn. this is what ben bernanke has studied his whole life and this is the mistake he refuses to make. >> jeff, wouldn't that be a mistake? i mean, isn't part of the equation that we're not talking about, demand? yes, there's a lot money out there and it's very cheap right now but the demand for that money is what's keeping the inflation lower right now, isn't it? >> i would tell you, yeah, i mean, the demand i guess is certainly the issue that he's trying to stimulate here, but i just don't know how you stimulate it by continuing to just devalue the united states currency. >> let me stop you there, jeff, because that hasn't happened. >> yes, it has. >> by what measure? >> if you look at the dxy, down 11% since qe started. >> okay. if that was also part -- if you read all. fed's and all of ben bernanke's literature on how to attack deflation and reflate, part of it is gently devaluing the dollar. competitive devaluations going around the w
in 1937 as we were coming out of depression, the government tightened fiscal policy, raised taxes and the fed raised rates and created a second downturn. this is what ben bernanke has studied his whole life and this is the mistake he refuses to make. >> jeff, wouldn't that be a mistake? i mean, isn't part of the equation that we're not talking about, demand? yes, there's a lot money out there and it's very cheap right now but the demand for that money is what's keeping the inflation lower...
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Jan 22, 2013
01/13
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coming in at number three on the list was preventing middle class tax hikes while raising taxes on the highest levels of income. that was the third greatest accomplishment of the president's first term, according to the latest nbc poll. number two, killing bin laden. killing osama bin laden is what president obama himself refers to as the single most important day of his presidency. for americans at large, that was number two. what ranked higher than that? what did americans think was the single best accomplishment of his first term, even better than killing bin laden? it was ending the war in iraq. president obama campaigned on ending the war in iraq in 2008. he was against that war right from the very start, and in december 2011, after eight and a half years of war, the president, as he promised, did bring the iraq war to a close. when president obama took the office -- took the oath of office four years ago, there were 144,000 u.s. troops in iraq. today it is about 200. that right there is what americans consider about the single greatest accomplishment of his first term. heading in
coming in at number three on the list was preventing middle class tax hikes while raising taxes on the highest levels of income. that was the third greatest accomplishment of the president's first term, according to the latest nbc poll. number two, killing bin laden. killing osama bin laden is what president obama himself refers to as the single most important day of his presidency. for americans at large, that was number two. what ranked higher than that? what did americans think was the...
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Jan 18, 2013
01/13
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and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean, they just loaded both of the barrels and came after me also. i was just talking tonight with somebody who worked for me in my congressional office, arlene hal pernin. she said the phones never stopped ringing. and that's one of the problems. but as a member of congress you have to understand that people do not call in when they're satisfied. so nine out of ten calls said vote against this. and at that time it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i like
and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean,...
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Jan 20, 2013
01/13
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be attacked vociferously as amnesty by many people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. they should never have -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful bus
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be attacked vociferously as amnesty by many people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to...
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Jan 17, 2013
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not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the corporate balance sheet is quite strong. >> absolutely. what did we talk about in december? nothing but fiscal cliff. it even drove santa claus off the front page. all we talked about. >> that's true. >> now the debt ceiling and then it's sequester and the continuing resolution. we go from this cliff to that cliff, and we don't deal with the problem. if we deal with the problem, there's so many assets in america. we can grow our way out of this. >> let me ask you about getting out of a problem and for many it's regular laying. after the 2008 upset, the banking sector has faced much higher reg
not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the...
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Jan 22, 2013
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up next, taking a swing at the new high taxes, plus, mickelson trying to say about wealth and financial success in america, and the obama bible. the president chooses symbolic scriptures from abraham lincoln and martin luther king. what's the message? boston university religion professor joining us here next with the answers. ♪ with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] ♪ lou: president obama taking the oath of office on 2 miles today, the first used by president abraham lincoln. the other belonged into martin luther king jr. my next guests is the choice of only underscores the presence
up next, taking a swing at the new high taxes, plus, mickelson trying to say about wealth and financial success in america, and the obama bible. the president chooses symbolic scriptures from abraham lincoln and martin luther king. what's the message? boston university religion professor joining us here next with the answers. ♪ with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every...
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Jan 17, 2013
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there's tax issues we might revis revisit. real quickly, the spreads are starting to widen. maybe that's why businesses really at that point in these markets while the tapping is good. >> thank you, rick. survey monkey. it's a web-based survey company has raised $800 million in debt. one of the largest and one of its newest investors happens to be google. kayla tausch has been following this. >> thank you, dave, for being here. rare east costa peerns to announce this newest round of funding. $800 million. no small amount. more than most spaul public companies raise going public. >> we've been working on this for over a year. we decided there's a lot of good reasons to go public. if you need capital, you need equity and if you just need liquidity and you could find that from being private, we said if there's a good way to do it and get liquidity for investors and employees was do that. we brought in new equity and brought in debt. >> raising debt for a private growth-oriented technology company. not something that happens very often. i know you had meetings with those investo
there's tax issues we might revis revisit. real quickly, the spreads are starting to widen. maybe that's why businesses really at that point in these markets while the tapping is good. >> thank you, rick. survey monkey. it's a web-based survey company has raised $800 million in debt. one of the largest and one of its newest investors happens to be google. kayla tausch has been following this. >> thank you, dave, for being here. rare east costa peerns to announce this newest round of...
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Jan 17, 2013
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we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit. in a powerful moment today the president spoke about meeting the parents of newtown victim grace mcdonnell. there she is. let's take a look. >> grace was seven years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. chris, her father, gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at that painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all i think about how when
we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit....
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Jan 15, 2013
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compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether it is fair game to use the debt ceiling as a piece of political leverage to get the government to stop its spending. on the one hand, people on the right say, well, what else are we going to use? we are engaging in sort of financial madness spending so much so we have to use whatever tool is available there and you heard the president yesterday, tamron, saying this is like taking the economy hostage by threatening not to pay debts that we have already incured. >> tyler, as i mentioned, the dow up just a little bit today. how soon will we see perhaps start to see an impact on the arrows on the sc
compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether...
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Jan 21, 2013
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plus, we had $520 billion of new taxes from obamacare. this would be the third tax increase. melissa: i really hope you're right because i feel their is a tide of higher taxes. its role in norway. it will keep all of us out to see no matter what our income bracket because it seems like before this last deal there was this notion that if republicans just gave in and went ahead with some higher taxes that then we could get down to the business of spending cuts. that was the idea that was out there. take your medicine now and then we will get down to the business of cutting spending once we have this out of the way. instead, it has been quite the opposite. this was just the first up. the camel's nose in a tent. now there are many more higher taxes coming. are you sure that there are enough democrats out there that would stand in a way of this? because i don't know. >> well, we will see. you may be right that some of these democrats make all unite behind the schumer obama budget which calls for somewhere in the neighborhood of another trillion dollar tax increase. the point i was
plus, we had $520 billion of new taxes from obamacare. this would be the third tax increase. melissa: i really hope you're right because i feel their is a tide of higher taxes. its role in norway. it will keep all of us out to see no matter what our income bracket because it seems like before this last deal there was this notion that if republicans just gave in and went ahead with some higher taxes that then we could get down to the business of spending cuts. that was the idea that was out...
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Jan 17, 2013
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let's start with the campaign push for this because we did see it work to help raise taxes on the rich. what does the president need to do this time around, do you think, patricia? >> i think he really needs to change the dynamic of what senators and congressmen are hearing from their constituents, and we see him doing that. the president knows when we look at national polls, the majority of americans are in favor of stricter gun control, but in states that are dedicated to keeping their majority, colorado, it can really the democrats can really unwilling to tackle this issue. >> let me play a little bit of the president's pitch from yesterday. >> ask them what's more important. doing whatever it takes to get a a grade from the gun lobby that funds their campaignings? or giving parents some peace of mind when they drop their child off for first grade? >> we're asking congress for a -- universal background checks. what are the chances he gets any or all of those? >> i think it's important to take a look at what's important this time around compared to the last time around there was so m
let's start with the campaign push for this because we did see it work to help raise taxes on the rich. what does the president need to do this time around, do you think, patricia? >> i think he really needs to change the dynamic of what senators and congressmen are hearing from their constituents, and we see him doing that. the president knows when we look at national polls, the majority of americans are in favor of stricter gun control, but in states that are dedicated to keeping their...
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Jan 16, 2013
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. >> here is one that will make you ask where did my tax money go. the united nations development program is supposed to be the anti-poverty agency. according to the new study the agency is not doing much to reduce poverty at all and the scathing report showing agency spent 8.5 billion on anti-poverty activities from 2004 to 2011. and since u.s. pays for about a quarter of the u.n.'s total budget. where is all of this money going? former u.n. ambassador john bolton joins us, good evening, sir. >> good evening. >> greta: a lot of money to spend on poverty, we would hope we're ahead of the game on poverty? >> why are you surprised? this is the united nations at work. part of the problem with a lot of u.n. programs you can measure the input, billions spent. you can't measure the output. i think this report, the executive summary we have. when the whole thing comes out it will be interesting to read because it's an admission that they don't really know what effect their activities have. >> greta: i'm so curious, why the commission a study of themselves i
. >> here is one that will make you ask where did my tax money go. the united nations development program is supposed to be the anti-poverty agency. according to the new study the agency is not doing much to reduce poverty at all and the scathing report showing agency spent 8.5 billion on anti-poverty activities from 2004 to 2011. and since u.s. pays for about a quarter of the u.n.'s total budget. where is all of this money going? former u.n. ambassador john bolton joins us, good evening,...
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Jan 19, 2013
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people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday expenses. one of the things to think about is, and i know arthel, this isn't the greatest thing, but maybe a second part-time job. maybe one thing rather than tapping into that, you can earn extra income if you have the ability to do that. another way to do this potentially is if you have a strong credit score and you have some equity in your home, you could take out a home equity line of credit and write off the interest payments. interest rates are very low at this current time. so you can take advantage of the fact that they are low when borrowing against your home, if you have equity in your home. i
people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday...
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Jan 15, 2013
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sounds like a good thing and perhaps it is in some corners but remember, many states have relied on huge tax revenue from these companies. they, too, face a new reality. before we go, take a look at the day on wall street. the dow jones industrial average closed at the highs of the day. had before down 61 points at the worst. the nasdaq down a fraction and the s&p 500 up a fraction. that will do it tonight. thank you so much for being with me. have a great night. but don't go anywhere, because "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. apple breaks below $500. a look at why investors are jumping ship. facebook face plant. shares fall after the social media giant unveils its new search feature. big bank earnings. what's riding on numbers from goldman sachs out tomorrow? first, straight to our top story and that's apple's slide. the stock is down 24% over the past three months. should you be a buyer or seller? let's go to the chairs and you were a buyer, keith, today. >> yeah, buy it. at the end of the day, the stock wa
sounds like a good thing and perhaps it is in some corners but remember, many states have relied on huge tax revenue from these companies. they, too, face a new reality. before we go, take a look at the day on wall street. the dow jones industrial average closed at the highs of the day. had before down 61 points at the worst. the nasdaq down a fraction and the s&p 500 up a fraction. that will do it tonight. thank you so much for being with me. have a great night. but don't go anywhere,...
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Jan 20, 2013
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bush takes the oath in 2001, his priorities were tax cut and education reform. that was dominating the agenda and the summer of the shark, all the shark attacks in the summer of '01. >> gary condit. >> and gary condit. the world changes and bush's presidency certainly changed on 9/11. >> his biggest speech before that was on stem cell research. >> yep. >> that was his first -- >> biggest month, that's right. august. >> stick around. we'll talk about the obama legacy. he's a two-term president. that's already a big deal, puts you in a pantheon of presidential history. let's go out to the national mall. hundreds of thousands of people will be gathering tomorrow for the swearing in. luke russert is there now. luke -- well, there we go. >> reporter: are we back here? >> there he is. luke russert. i hear you now. >> reporter: how you doing, sir? >> all right. >> reporter: how are things? >> have you seen a ton of tourists out here? >> there's ton of tourists, but thankfully the weather is not that bad. it's nice and sunny here. i'm going to show you what we've got. t
bush takes the oath in 2001, his priorities were tax cut and education reform. that was dominating the agenda and the summer of the shark, all the shark attacks in the summer of '01. >> gary condit. >> and gary condit. the world changes and bush's presidency certainly changed on 9/11. >> his biggest speech before that was on stem cell research. >> yep. >> that was his first -- >> biggest month, that's right. august. >> stick around. we'll talk about the...
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Jan 19, 2013
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we have to deal with the jobs and the low-entry wages, and expand the earned tax credit and child tax credit and work incentive will make a difference to many. don't cut early education, but make sure you are breaking through the things that cause dependency, and working hard to say, every child is ready for school and every child has high quality pre-k and kindergarten and if you did that, you could also create new job, but here, we have new race to the top requirement requirements. and poor standards, but we don't have pre-k or kindergarten in 40 states to help children meet those standards. >> i want to underline the parental jobs and wages, but a report says that in no i state can -- no state can an individual working full-time at the minimum wage afford the fair market rent for a two-h bedroom apartment for his or her family. we have created a minimum wage where you cannot have an apartment. >> and you know homelessness is rampant just as hunger is rampant and if it weren't for the safety net, it would be worse. children were the poorest americans before the recession, but since
we have to deal with the jobs and the low-entry wages, and expand the earned tax credit and child tax credit and work incentive will make a difference to many. don't cut early education, but make sure you are breaking through the things that cause dependency, and working hard to say, every child is ready for school and every child has high quality pre-k and kindergarten and if you did that, you could also create new job, but here, we have new race to the top requirement requirements. and poor...
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Jan 22, 2013
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interesting comments from phil mickelson, talking about his tax rate in california going up to 13%. he says a couple days ago that he has to pay now 62% to 63% in taxes, he might retire from golf, might leave california, might leave the country. he has since, late last night, reportedly backtracked on those comments and some say there's no way to humanly pay that much in taxes. but it raised an interesting point, not great pr for a guy whose net worth is more than $150 million. but he is a republican. also want to point out atari, for me, i don't know, pong, centipe centipede, go out of business every few years, filing chapter 11, trying to separate from their french parent company and emerge as a digital gaming company. i sort of grew up, i don't know if they did frogger or not, but all the games that we knew as children of the '80s. back to you. >> all right, brian, thanks very much. look at my t-shirt. how cool is that? i love it! the dubliner. be sure to reach out to us on twitter @joenbc an and @morningmika. we'll be right back live from the dubliner. i will not drink that. >>
interesting comments from phil mickelson, talking about his tax rate in california going up to 13%. he says a couple days ago that he has to pay now 62% to 63% in taxes, he might retire from golf, might leave california, might leave the country. he has since, late last night, reportedly backtracked on those comments and some say there's no way to humanly pay that much in taxes. but it raised an interesting point, not great pr for a guy whose net worth is more than $150 million. but he is a...
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obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of gun owners and they did it under a veil of secre
obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says...
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Jan 20, 2013
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business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a room and get stuff done. that's what gingrich and clinton did. they both told me that. they learned the hard way when government came to a grinding halt. and that's when they got in a room together. i would like to see the speaker and the president get in a room. i think they've been equally to blame in many ways for this impasse between them in the last four years. i don't want to see them do it the official way. you have a democratic senate, a republican congress, i don't see how stuff gets done. >> the 1996 re-election of bill clinton basically settled
business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a...
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Jan 22, 2013
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phil mickelson now apologizing, backing off the controversial comments on high income taxes in the state of california. but does the golf titan have his math right? we'll look at mr. mickelson. >> thanks so much. >>> not so fast, josh, the traders are quick. but not always right. listen to what josh brown said about netflix back in october. >> i'm a hater. look, all of the people that are being very bullish about the stock in the past week, hedge fund managers, they're buried this this thing. why would you own shares of a company with an unproven business model, big expenditures overseas? >> well, shares are up 56% since then. are you still drinking the hatorade? >> i have been wrong, but everything i have said as reasons not to like it is still around. the company reports tomorrow. this is not a report that i'd want to be involved in the stock ahead of. quite frankly, they have got to add 5 million net new subs. they have a history of being hot and cold on the reports. guidance is out of control as far as what people are looking for, as far as the downside and upside. for me i'm not int
phil mickelson now apologizing, backing off the controversial comments on high income taxes in the state of california. but does the golf titan have his math right? we'll look at mr. mickelson. >> thanks so much. >>> not so fast, josh, the traders are quick. but not always right. listen to what josh brown said about netflix back in october. >> i'm a hater. look, all of the people that are being very bullish about the stock in the past week, hedge fund managers, they're...
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the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue? >> ty, shares of lululemon continue to be under pressure on the back of the latest outlook. what is ahead for the yoga appear el maker? courtney is live in miami. courtney? ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t.
the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue?...